Top SaaS Companies in Toronto
List of the largest SaaS companies in Toronto, Canada (Click to apply)
These are the top SaaS companies in Toronto, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Toronto by featuring these 280 companies with combined revenues of $5.5B.
Together, Toronto SaaS companies employ over 19K employees, have raised $293.2M capital, and serve over 4M customers around the world.
- MedStack $1.0M
- Sourcing Force $995.7K
- PostBeyond $990.0K
- Waitry $987.1K
- GrubX $980.0K
- Taplytics $4.9M
- GlobalTrade $4.8M
- Risevision $4.8M
- PathFactory $4.6M
- Hubba $4.6M
- 1Password $9.1M
- Precision Nutrition $9.1M
- Roadmunk $8.0M
- Parkbench $7.5M
- Constellation Software $4.0B
- Njoyn $250.0M
- LoyaltyOne $201.6M
- Venasolutions $60.0M
- Freshbooks $55.0M
- 01
Constellation Software
Enterprise Software
Constellation Software is a provider of software and services. It serves both in the public and private sectors. It was founded in 1995 and is headquartered in Toronto, Canada. The company acquires, manages and builds industry specific software businesses
$4B
$49M
125K
243
1997
Toronto
- 02
Njoyn
Talent Management Software
An applicant tracking system hosted, developed and supported in Canada. Njoyn is a leading ATS that automates and simplifies your recruitment processes.
$250M
—
—
1K
2001
Toronto
- 03
LoyaltyOne
Advertising Software
LoyaltyOne, Inc. is a global provider of loyalty marketing and programs to enterprises in the retail, financial services
$202M
—
—
3K
1991
Toronto
- 04
Venasolutions
Erp Software
With powerful and intuitive FP&A software, Vena redefines how companies manage their budgeting, planning and revenue forecasting.
$60M
$476M
900
450
2011
Toronto
- 05
Freshbooks
Erp Software
The best cloud based small business accounting software. Send invoices, track time, manage receipts, expenses, and accept credit cards. Free 30-day trial.
$55M
$77M
305K
429
2004
Toronto
- 06
Sigma Systems
Telecommunications
Developer of idea-to-install products for communication, media and high tech companies. The company provides a software product portfolio which is available through the cloud or on-premise. The company's product portfolio covers cloud brokerage, product &
$55M
—
—
282
1996
Toronto
- 07
Maropost
CRM and Related Software
Maropost makes powerful, easy-to-use, enterprise-grade software solutions to help you scale your sales and marketing while staying lean.
$45M
—
380
172
2011
Toronto
- 08
Intelex-Technologies
Healthcare Software
Intelex cloud-based software manages environment, health & safety, quality and suppliers for regulatory compliance, and streamline ISO initiatives
$41M
$132M
4M
452
1992
Toronto
- 09
Q4
CRM and Related Software
Q4 is a SaaS platform that provides advanced communication and intelligence solutions to investor relations officers and the C-suite of public companies. With the goal of improving the effectiveness of investor relations through innovative, forward-thinkin
$39M
$91M
—
435
2006
Toronto
- 10
CaseWare
Accounting And Finance Software
Developer of financial software designed to help auditors, accountants and other finance professionals to perform data analysis, improve audits and identify control breakdowns. The company's software automates the financial reporting process and creates a
$39M
—
—
444
1988
Toronto
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NextWhat are the fastest growing companies doing?
83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.
Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.
If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.
Which CEO’s are the most efficient capital allocators?
We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?
Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).
Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).
The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.